QNB Al Ahli’s board proposes dividends distribution for 2021
Updated 1/12/2022 10:27:00 AM
ArabFinance: The board of directors of Qatar National Bank Alahli (QNB Al Ahli) (QNBA) has proposed the distribution of cash dividends worth a total of EGP 1.3 billion to shareholders for the year ended December 31st 2021, according to a statement filed to the Egyptian Exchange (EGX).
The proposal will be reviewed by the bank's ordinary general meeting (OGM) and is subject to the approval of the Central Bank of Egypt (CBE).
It is worth noting that QNB Al Ahli reported a 2% year-on-year (YoY) increase in its consolidated net profit for the year ended December 31st 2021.
The bank’s standalone profit increased by 1% YoY in 2021, recording EGP 7.452 billion as compared to EGP 7.399 billion in 2020.
QNB Alahli, formerly National Societe Generale Bank, is an Egypt-based bank that offers corporate and retail banking to corporate, and medium and small enterprises, as well as individuals.
The bank is organized into three business segments: retail banking, corporate and investment banking, and Tawazon Fund.
